Securities / Derivatives

Hong Kong Finalises List of FSPs Under Clearing Obligation

01/07/2019

The list of Financial Services Providers identifies major dealers outside Hong Kong that are under the clearing obligation.

Securities / Derivatives

SEBI Approves Tighter Norms for Mutual Funds

01/07/2019

At its latest board meeting, SEBI approved tighter norms for mutual funds and pledged shares, while also approving a new framework for shares with differential voting rights.

Capital / Liquidity

India’s Banks Are Becoming More Resilient: RBI

01/07/2019

The RBI says gross NPA ratios and loan provisioning are improving, but it warns that capital adequacy at some banks will fall below requirements without more government cash.

Market Infrastructure

APRA Consults on Approach to Product Responsibility under BEAR

01/07/2019

APRA proposes to require ADIs to identify and register an accountable person to hold end-to-end product responsibility for each product offered to customers.

AML / KYC

FATF Finalises AML/CFT Guidance for Service Providers

01/07/2019

New guidance for legal, accounting, and trust and company services professionals highlights the importance of identifying and verifying beneficial ownership information through due diligence.

Fintech / Regtech

MAS to Issue Up to Five Digital Bank Licences

01/07/2019

The initiative effectively extends digital bank licences to non-bank players, as existing banking groups in Singapore already have a framework for setting up digital bank subsidiaries.

Market Infrastructure

Wolfsberg Group Publishes CBDDQ Capacity Building Materials

01/07/2019

The materials include high level training videos and detailed guidance on the questionnaire, aimed at facilitating its implementation and halting the decline in correspondent banking.

Fintech / Regtech

ASIC Proposes New Rules for Market Operators, Participants

30/06/2019

The proposals seek to ensure resilience of critical systems, reliability of outsourced services, and appropriate management of cyber and data security risks, among other requirements.

Securities / Derivatives

NZX Has Enhanced its Surveillance Function, says FMA

30/06/2019

The NZX improved its market surveillance function in response to last year’s FMA review. It is also planning to complete a trading system upgrade next year, using NASDAQ technology.